Wells Fargo Maintains Overweight on D.R. Horton, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sam Reid maintains an Overweight rating on D.R. Horton but lowers the price target from $220 to $190.
October 30, 2024 | 3:07 pm
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Wells Fargo has maintained its Overweight rating on D.R. Horton but has reduced the price target from $220 to $190, indicating a more cautious outlook.
The reduction in the price target from $220 to $190 suggests a less optimistic view on D.R. Horton's future performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates that Wells Fargo still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100